getty Continued economic uncertainty associated with the COVID-19 pandemic is concerning to Americans of all ages, especially those living in retirement. Below we address four questions retired investors are asking about ways to optimize their planning in the months ahead. 1. Should I waive my RMDs? The Coronavirus Aid, Relief, and Economic Security(CARES) Act—the $2
Retirement
By Roger McIntosh, Next Avenue Contributor getty As our country braces against the ebb and flow of mandates to stay-at-home, we should give serious consideration to the repercussions of self-quarantine or isolation on the mental and physical well-being of those most vulnerable to Covid-19. As a health psychologist and expert in human immunodeficiency, I know
TOPLINE Senate Republicans unveiled a new coronavirus relief proposal Monday that would replace the extra weekly $600 unemployment aid (which end this week) with a 70% wage-replacement program—but state labor departments are scrambling to figure out how their overwrought systems would handle the payments. House Speaker Nancy Pelosi (D-Calif.) called for an extension of unemployment
The CARES Act offers many opportunities for relief for businesses and individuals during the … [+] pandemic. getty 2020 has been a colossal mess. For the first time in 100 years, we’ve encountered a NON-manmade economic crisis. The economic punch delivered by the coronavirus pandemic is staggering; dropping US GDP by the second largest decline
Are there cases when the amount of guaranteed income can be decreased? Generally, if an annuity contract states that a guaranteed income level remains for life then this is the case as long as distributions do not exceed the guaranteed levels. But some annuity providers make clear that there is an option to receive more
getty Separate and apart from the Paycheck Protection Program (“PPP”) is the Economic Injury Disaster Loan (“EIDL”) program. Initially enacted many years ago to provide loans to businesses that have suffered from major storms, droughts, and other federally-declared disasters, the SBA has already advanced over $150 billion in EIDL money to borrowers who have verified
CQ-Roll Call, Inc via Getty Images Yesterday, Senators Marco Rubio and Susan Collins released a 92 page proposed Bill for an Act that will be called the Continuing Small Business Recovery and Paycheck Protection Program Act. The Act is intended to correct some problems and a number of challenges that PPP borrowers have had, while
By Arlene Weintraub, Next Avenue Contributor getty When Karen Tibbals of Washington, N.J. heard that more than 100,000 volunteers would be needed for late-stage clinical trials of four Covid-19 vaccines, she wanted to roll up her sleeves and get one of the experimental shots. Tibbals is 65 and has the autoimmune disease rheumatoid arthritis, raising
WASHINGTON, DC – JULY 20: Senate Majority Leader Mitch McConnell (R-KY) (L) listens to U.S. … [+] President Donald Trump talks to reporters while hosting Republican congressional leaders and members of Trump’s cabinet in the Oval Office at the White House July 20, 2020 in Washington, DC. Trump and the congressional leaders talked about a
MEXICO CITY, MEXICO – JUNE 10: President of Mexico Andres Manuel Lopez Obrador gestures during his … [+] daily morning briefing on June 10, 2020 in Mexico City, Mexico. (Photo by Hector Vivas/Getty Images) Getty Images When Andres Manuel Lopez Obrador, or AMLO, was elected as president of Mexico in 2018, he was characterized by